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Logo of Phnom Penh Post newspaper Phnom Penh Post - In Brief: Rio Tinto sells blocks

In Brief: Rio Tinto sells blocks

AUSTRALIAN mining company Rio Tinto told Dow Jones on Wednesday it had completed the sale of oil and gas concessions on the B7, B8 and B9 blocks overlapping Cambodian and Thai areas. An unnamed official of the company added that a royalty interest, Block 9A, had also been sold, without giving further details. A person close to the deal said the concessions were sold to BG Group which, through BG Asia, owns 50 percent in B7, B8 and B9. Chevron owns 33.33 percent.

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